Probably 16th then - you will see them pop up in your broking account. GMG will also put put an announcement then announcing allocation policy
GMG - Goodman Group
- Thread starter Snakey
- Start date
-
- Tags
- gmg goodman group
Probably 16th then - you will see them pop up in your broking account. GMG will also put put an announcement then announcing allocation policy
nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
- Posts
- 3,588
- Reactions
- 133
If you only took up your allocated shares and didn't ask for any more, you will receive your full allotment. you can check by phoning them on the contact number in the paperwork.
looks as though you are guaranteed at least 25,000 shares, assuming you applied for that much. More if you have a big holding.
Sell down today is people selling down entitlements. Have already sold mine
- Joined
- 22 June 2008
- Posts
- 561
- Reactions
- 0
Have you check your broking acc?
I checked before trade started and my new shares were already available so I sold out all parcels first thing this morning as I'm expecting SP to take a hit. Might buy in when SP stabilises.
WRT oversubscribing, I requested an extra 1/3 over my entitlement and they were allotted. GMG's press release have stated they have had to scaled back oversubscription as they were oversubscribed.
cheers
You can check on the registry - computershare for goodman I think, Just need your HIN/ SRN and put in your name/postcode
Ended up doing well out of the GMG Retail Offer. The property sector seems to have been getting a bit of support lately (GPT) doing well too, so with GMG's debt covenants now restructured till 2012 hopefully can see some smashing capital growth over the next 2-3 years. This is my timeframe for the stock and whilst I don't hold much, could prove to be the play of my portfolio if the economy and company keeps the good news up in the med term.
skc
Goldmember
- Joined
- 12 August 2008
- Posts
- 8,277
- Reactions
- 329
Every REIT has been going backwards, possibly due to interest rate going up? I also think Investec failing to get their IPO off the ground at a desirable price negatively affected sentiment.
nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
- Posts
- 3,588
- Reactions
- 133
In addition to the general tightening of share prices since the interest rate increase, it could be possible that gmg is being sold down because of shareholder anger at the recent sale of Greg Goodmans holding at an alleged average of $0.665. Goodman also anounced that he would sell a privately owned property to GMG with payment to be through the issue of new shares.
Also at the shareholders meeting, the resolution to re-elect the Chairman Ian Ferrier received a huge percentage of no votes. Seems some retail punters aren't happy with his performance.
Also at the shareholders meeting, the resolution to re-elect the Chairman Ian Ferrier received a huge percentage of no votes. Seems some retail punters aren't happy with his performance.
All the backwards movement seems to have reversed lately. On 16 Dec GMG closed at 56.5 it has steadily moved upwards and today is at 66. Anyone follow this stock closely, are things improving or is there something good in the wings. I continue to hold as global business is improving and I think that GMG has some upside to it.
i dont know whether this a double post but just read it from other forum
A few weeks old so sorry if already posted.
Industrial pipeline unblocked as demand picks up Florence Chong From: The Australian December 17, 2009 12:00AM
MORE than $2.5 billion worth of industrial development projects that had been shelved this year are expected to get under way within months, as signs emerge that demand is picking up.
Listed industrial trusts Goodman Group, ING Industrial Fund, Dexus and GPT have announced plans to restart suspended developments soon, having recapitalised after being paralysed by the credit freeze and high debt.
Australia's largest industrial property developer and owner, Goodman Group, has received inquiries on pre-releasing almost 900,000sq m of space.
It is close to signing with a tenant, believed to be Kmart in Victoria, which has pre-committed to 74,000sq m of industrial space.
Investa Property Group sold two small sites in the past month, while Dexus is expected to close deals soon, after the NSW government approved its $420 million industrial estate at Greystanes, in Sydney. Goodman Group chief executive Greg Goodman said the group pulled $860m worth of projects 12 months ago, but it had kicked off its development program to meet pent-up demand.
"By next year, we will have $1.5bn of development under way in Australia and overseas -- Hong Kong, the United Kingdom and Europe," Mr Goodman said.
The funding would come from the group's partners and its own balance sheet, which had available liquidity of $l.4bn.
GPT industrial head Victor Georos said: "For the first time in 12 to 18 months, we are seeing a sustained level of broadly based demand from a range of tenants."
The trend was particularly evident in the past two to three months, Mr Georos said.
Dexus Property Group industrial head Andrew Whiteside said it would be difficult to find space of more than 10,000sq m in a modern building in Sydney or Melbourne. "There has been no new supply in the past year," Mr Whiteside said.
"We were close to starting a project in Melbourne when the market changed quickly and we have not been active in Sydney."
Mr Georos said supply dropped by 47 per cent this year to 1.4 million square metres, down from 2.5 million square metres last year. Supply was likely to remain low well into next year.
GPT owns industrial assets in four states, worth about $750m, and has about $800m worth of projects on hold.
A pick-up in imports and exports triggered the rise in demand for industrial space, he said.
In October, the volume of containerised trade handled by Sydney port rose 6 per cent -- the first pick-up in the past 18 months. after dropping 5 per cent in the 12 months to June 30, and another 3 per cent up to September.
"The strong Australian dollar means imports are increasing at a time when companies are starting to restock their inventories after allowing them to run down." Mr Georos said.
He said GPT completed a 16,000sq m building, leased to Goodman Fielders for 20 years, at Erskine Park in western Sydney late last year. "We will finish a 13,000sq m project, leased to Target for 12 years, in February," he said.
Leading industrial players said industrial assets' values and rents had not collapsed. ING Industrial Trust chief executive Paul Toussaint said occupancy hovered at 97-98 per cent in the past 12 months for his portfolio of two million square metres of industrial assets. ING had developments valued at $700m, and it was likely to resume work on some projects next year, he said.
Dexus -- the third-largest industrial player in Australia, owning 54 properties worth more than $2bn -- bought a large site at Greystanes from Boral, covering 47ha, for about 240,000sq m of warehouse and office space.
"If a tenant comes in today I would be able to build a warehouse in nine to 12 months," Dexus's Mr Whiteside said.
Dexus is expected to complete its first buildings in Greystanes next year. The entire development is scheduled to finish in 2015.
A few weeks old so sorry if already posted.
Industrial pipeline unblocked as demand picks up Florence Chong From: The Australian December 17, 2009 12:00AM
MORE than $2.5 billion worth of industrial development projects that had been shelved this year are expected to get under way within months, as signs emerge that demand is picking up.
Listed industrial trusts Goodman Group, ING Industrial Fund, Dexus and GPT have announced plans to restart suspended developments soon, having recapitalised after being paralysed by the credit freeze and high debt.
Australia's largest industrial property developer and owner, Goodman Group, has received inquiries on pre-releasing almost 900,000sq m of space.
It is close to signing with a tenant, believed to be Kmart in Victoria, which has pre-committed to 74,000sq m of industrial space.
Investa Property Group sold two small sites in the past month, while Dexus is expected to close deals soon, after the NSW government approved its $420 million industrial estate at Greystanes, in Sydney. Goodman Group chief executive Greg Goodman said the group pulled $860m worth of projects 12 months ago, but it had kicked off its development program to meet pent-up demand.
"By next year, we will have $1.5bn of development under way in Australia and overseas -- Hong Kong, the United Kingdom and Europe," Mr Goodman said.
The funding would come from the group's partners and its own balance sheet, which had available liquidity of $l.4bn.
GPT industrial head Victor Georos said: "For the first time in 12 to 18 months, we are seeing a sustained level of broadly based demand from a range of tenants."
The trend was particularly evident in the past two to three months, Mr Georos said.
Dexus Property Group industrial head Andrew Whiteside said it would be difficult to find space of more than 10,000sq m in a modern building in Sydney or Melbourne. "There has been no new supply in the past year," Mr Whiteside said.
"We were close to starting a project in Melbourne when the market changed quickly and we have not been active in Sydney."
Mr Georos said supply dropped by 47 per cent this year to 1.4 million square metres, down from 2.5 million square metres last year. Supply was likely to remain low well into next year.
GPT owns industrial assets in four states, worth about $750m, and has about $800m worth of projects on hold.
A pick-up in imports and exports triggered the rise in demand for industrial space, he said.
In October, the volume of containerised trade handled by Sydney port rose 6 per cent -- the first pick-up in the past 18 months. after dropping 5 per cent in the 12 months to June 30, and another 3 per cent up to September.
"The strong Australian dollar means imports are increasing at a time when companies are starting to restock their inventories after allowing them to run down." Mr Georos said.
He said GPT completed a 16,000sq m building, leased to Goodman Fielders for 20 years, at Erskine Park in western Sydney late last year. "We will finish a 13,000sq m project, leased to Target for 12 years, in February," he said.
Leading industrial players said industrial assets' values and rents had not collapsed. ING Industrial Trust chief executive Paul Toussaint said occupancy hovered at 97-98 per cent in the past 12 months for his portfolio of two million square metres of industrial assets. ING had developments valued at $700m, and it was likely to resume work on some projects next year, he said.
Dexus -- the third-largest industrial player in Australia, owning 54 properties worth more than $2bn -- bought a large site at Greystanes from Boral, covering 47ha, for about 240,000sq m of warehouse and office space.
"If a tenant comes in today I would be able to build a warehouse in nine to 12 months," Dexus's Mr Whiteside said.
Dexus is expected to complete its first buildings in Greystanes next year. The entire development is scheduled to finish in 2015.
GMG has been going up very nicely lately
Anyone know if there are and good developments coming on or is it just because property is starting to improve. I quite enjoyed the dividend lately as well so I think they might be a long term hold for me, as long as they keep doing as well as they have been.
Anyone know if there are and good developments coming on or is it just because property is starting to improve. I quite enjoyed the dividend lately as well so I think they might be a long term hold for me, as long as they keep doing as well as they have been.
- Joined
- 31 March 2010
- Posts
- 155
- Reactions
- 0
GMG has been going up very nicely lately
Anyone know if there are and good developments coming on or is it just because property is starting to improve. I quite enjoyed the dividend lately as well so I think they might be a long term hold for me, as long as they keep doing as well as they have been.
Yes I been holding for a while.. i bought in at 58, dropped a little bit, but yes slowly has picked up since and on the rise. Lets see how they go..
I'm hoping they go back to over $1.00 in the near future. So a longer term hold for me I think
. But you never know in this current market there could be an unexpected surprise which may entice me into taking the profit.Frankie_boy: they look like they might be going up again today. Obviously business is looking up for them. I googled them to find that they are involved in quite a few warehouse developments lately; especially in Europe. I wonder if they will be doing some, any or all of the new warehouses for Woolworths Hardware here in Australia as well. Hope so, $1.00 might not be too far away
